IDBI Bank shares recover over 6% after FM says stake sale process to continue
IDBI Bank shares rebound after Nirmala Sitharaman says disinvestment will continue, stock jumps over 6% from lows as broader market and Nifty IT index fall.
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Chalet Hotels to acquire Seasons Hotels for ₹171 crore; Udaipur resort to be upgraded
Chalet Hotels to acquire Seasons Hotels owner of Inder Residency Resort and Spa in Udaipur for ₹171 crore, marking its entry into the Udaipur market.
IT stocks sell-off continues after nearly all largecap names disappoint the Street
Looking ahead, guidance for FY27 remains modest. HCLTech expects revenue growth of 1-4% with EBIT margins of 17.5%-18.5%, while Infosys has guided for 1.5%-3.5% growth with operating margins of 20%-22%. Wipro’s near-term outlook remains weak, with Q1FY27 guidance at -2%…
IT stocks cheaper now; Investec Capital’s Mukul Kochhar sees buying opportunity
Mukul Kochhar, Head of Equities at Investec Capital Services (India), says IT stocks have corrected from about 20x valuations to more reasonable levels, with large caps likely to grow 4–6%. He believes AI fears are currently overplayed and is turning…
Chennai Petroleum Q4 Results: Net profit jumps 42%, revenue up 7%; dividend declared
The board of Chennai Petroleum has recommended a final dividend of ₹54 per share for FY26, in addition to an interim dividend of ₹8 per share declared earlier during the year.
Dividend Stock: Refiner falls over 6% despite announcing highest payout in two years
Chennai Petroleum shares fell over 6% despite announcing its highest dividend payout in two years, alongside strong sequential earnings growth and improved margins during the March quarter.
Ashoka Buildcon wins ₹600 crore Angola electricity distribution project
Ashoka Buildcon wins $72.36 million Angola power project for Luanda networks. The project is to be executed in 24 month. Shares rise on order win but remain down 1.49%.
Hindustan Zinc Q4 Results: Stock falls after margins miss expectations; Dividend declared
Hindustan Zinc’s EBITDA margins expanded by 390 basis points from last year to 56.9% from 53% but fell short of the CNBC-TV18 poll figure of 59.3%.
HCLTech shares extend sell-off after Q4 results, set for worst week in nearly 20 years
Brokerages issued downgrades and cut their price targets on HCLTech after its results miss. The miss from the company has resulted in a steep sell-off in its other IT peers, which was accelerated after Infosys reported for the quarter as…
Dividend Stock: Vedanta unit to pay shareholders ₹4,648 crore as first payout
Hindustan Zinc declared an interim dividend of ₹11 per equity share (550% on a face value of ₹2), amounting to ₹4,648 crore.